Financial Transparency Coalition

The sanctions against Russian oligarchs who hold billions of dollars have mostly failed to have a real impact beyond freezing a few yachts and properties.

A year ago, Russia’s invasion of Ukraine was seen as a historic opportunity to uncover hidden assets from Russian oligarch and other sanctioned entities and individuals.

The Financial Transparency Coalition (FTC) and the Independent Commission for the Reform of International Corporate Taxation (ICRICT) held a virtual event on Wednesday, 22 February 2023.

At this year’s World Economic Forum (WEF) at Davos which ended last week, the attention of the world’s financial and economic elite was captured by the war in Ukraine whose president Volodimir Zelensky used his address to call to “complete withdrawal of foreign businesses from the Russian market”, despite 380 of the largest multinational companies still